Russia backs a return to the gold standard? Article here.

The only hangup I have with the article is that it does not say WHY the gold standard collapsed. Here's why: in 1913 money-making power was granted to a central bank, but they made only paper, and it was backed by gold at the time. You then had federal reserve notes sharing the gold pot with gold certificates. Too many pieces of paper were chasing the coins. The gold itself did not collapse, it was the paper supposedly backed by the gold. Two competing currencies, and bad money drives out good money. Gold itself never lost its value. It was the competing paper from the Fed.

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List of things ain't nobody got time for:

1. That


If I could meet myself as a boy...